Question

Raul deposited $3000 into a bank account that earned simple interest each year. After 3.5 years, he had earned $262.50 in interest. If no money was deposited into or withdrawn from the account, what was the annual interest rate?

Answer 1

I believe it's 75% but i'm not positive.

Answer 2

Te correct answer is 2.5% trust me I took the test already